Letting the Trade Come to You

During our Intensive Courses, one of the most difficult concepts to convey is letting the trade come to you.

In other words, don’t go looking for a trade but rather sit back and wait until the trade falls in your lap – most will initially scoff at this.
If you go looking for a trade, which is what most traders believe that they should be doing, they are likely to find one. However, the odds are that it will not work out as you envisioned.

In the image to the right, the E period low occurred exactly at the halfback level of the Profile. Mechanical references, such as exactly at halfback, are not considered strong support levels. When combined with other similar mechanical references, there is an exponential increase in the potential for these references to be taken out.

LIVE AND RECORDED

On Wednesday afternoon (12/12/2018), we conducted a public webinar promoting our Mini-Intensive that begins on January 14, 2019. Please watch the recording HERE.

During that recorded webinar, we pointed out the earlier weak E period low and the matching F and G period lows, which by themselves are questionable, however, as they are exactly at the high for the previous day, this increased the concept of weak support.

When these weak lows become stacked on each other, they clearly demonstrate the concept of exponential weakness discussed above.

As the market rallied, an opportunity to short the market “came to me”. I wasn’t looking for a trade, however observing and processing market- generated information (made possible by observing the Market Profile), delivered the opportunity to me.

*Just a clarification from the afternoon webinar that we forgot to mention. The sale price for the Mini Intensive ends this Friday, December 14, 2018 at 11:59 pm EST. Anyone that participates in the contest for a free seat in the Mini Intensive and wins, will receive a refund if you have already signed up.